Last week (June 01, see chart below), we gave a short-term Sell Signal on the EURUSD pair, which hit today exactly our 1.15000 Target before rebounding:
This rebound is caused by the buying pressure at the bottom of the 1.5-month Channel Down. As long as it holds, target the 4H MA50 (blue trend-line) at 1.15900. If the price breaks below the pattern, switch to a short, targeting the bottom of the Support Zone at 1.14150.
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This rebound is caused by the buying pressure at the bottom of the 1.5-month Channel Down. As long as it holds, target the 4H MA50 (blue trend-line) at 1.15900. If the price breaks below the pattern, switch to a short, targeting the bottom of the Support Zone at 1.14150.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
💰Join TradingShot Account Management | +20% monthly profit | Min. capital $30k | Excellent risk-management
💰Join TradingShot Account Management | +20% monthly profit | Min. capital $30k | Excellent risk-management
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.